Abstract:
Biophan Technologies Inc. CEO Michael Weiner has resigned as CEO but will stay on as president and as a director, company officials said Tuesday. The board has formed an executive committee to oversee the operations of the organization. It includes Weiner, Chairman Guenter Jaensch and Stanley Yakatan, a board member. "Today's announcement represents the beginning of a series of alterations to the Biophan business designed to bring about positive change," Jaensch said in a statement. "The role of the executive committee will be to transform the company's short-term and long-term goals into management objectives for the staff, and where necessary, implement tactics."